In the United States… a handful of corporations centralize decisions and responsibilities that are relevant for military and political as well as economic developments of global significance. For nowadays the military and the political cannot be separated from economic considerations of power. We now live not in an economic order or a political order, but in a political economy that is closely linked with military institutions and decisions. This is obvious in the repeated “oil crisis” in the Middle East, or in the relevance of Southeast Asia and African resources for the Western powers…

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "In the United States… a handful of corporations centralize decisions and responsibilities that are relevant for military and political as well as economic developments of global significance. For nowadays the military and the political cannot be separated from economic considerations of power. We now live not in an economic order or a political order, but in a political economy that is closely linked with military institutions and decisions. This is obvious in the repeated “oil crisis” in the Middle East, or in the relevance of Southeast Asia and African resources for the Western powers…" in the context of "C. Wright Mills, Character & Social Structure (1954)." to mean that wisdom is timeless.